Synthetix founder: sUSD is expected to fully re-peg by the end of the month, Mainnet pre-staking will be launched.

[Chain News] On August 9, news reported that the founder of Synthetix stated on a social media platform: "(Price) will come back soon, this period has been tough, but we optimistically expect to fully re-peg by the end of the month, at which point the Mainnet deposit activity will go live, ultimately putting us back on track." sUSD had previously de-pegged due to Synthetix introducing a shared debt pool mechanism in SIP-420, dropping as low as 0.73 USD.

SNX1.86%
SUSD0.23%
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LiquidationWatchervip
· 08-09 13:28
still having flashbacks to that 0.73... be careful fam
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TradFiRefugeevip
· 08-09 13:26
If you had said it earlier, just wait to buy the dip.
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SolidityNewbievip
· 08-09 13:03
Not optimistic about whether it can come back by the end of the month?
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